Herold Advisors Inc. Boosts Stake in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Herold Advisors Inc. increased its position in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 37.8% in the 4th quarter, Holdings Channel reports. The firm owned 14,902 shares of the company’s stock after buying an additional 4,084 shares during the period. Herold Advisors Inc.’s holdings in PIMCO New York Municipal Income Fund II were worth $113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter valued at approximately $71,000. Bank of New York Mellon Corp raised its stake in shares of PIMCO New York Municipal Income Fund II by 25.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,654 shares of the company’s stock worth $94,000 after buying an additional 2,954 shares in the last quarter. Finally, Ackerman Capital Advisors LLC raised its stake in shares of PIMCO New York Municipal Income Fund II by 28.7% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 16,788 shares of the company’s stock worth $108,000 after buying an additional 3,748 shares in the last quarter.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI stock traded down $0.01 during trading hours on Friday, reaching $7.10. 13,647 shares of the company’s stock were exchanged, compared to its average volume of 23,746. The company’s 50 day moving average is $7.38 and its two-hundred day moving average is $7.19. PIMCO New York Municipal Income Fund II has a 1 year low of $6.03 and a 1 year high of $7.76.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Wednesday, April 10th.

About PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.